Intel Cuts Another 1000 Jobs

Intel indicated that Fab 11X also produces 200mm silicon wafers, which is now an obsolete technology. Because of this, those involved in that technology will be let go. Intel’s push to expand its 300mm technology is in full force. The company recently announced that it will expand its 300mm production facilities in China with a focus on a move to 45nm fabrication.

It seems no matter how well a company is doing, job cuts are a definite possibility. Some of the included employees were at Intel for over twenty-five years! As would be expected, there are severance packages and the option to apply for another position.

Source: Daily Tech